Sources close to the matter tell GM Authority that inventory levels across the United States of the Chevy Equinox decreased in the beginning of May 2023.
Roughly 7,600 units of the Chevy Equinox were on the ground at dealerships as of May 1st, 2023, with an additional 6,400 examples on their way to dealers. This gives the Equinox a 14 days supply, meaning that inventory levels are able to sustain 14 days’ worth of current sales volume. As context, a 60 days supply was considered normal prior to the COVID-19 pandemic.
For reference, inventory levels of the midsize crossover have been dwindling since the beginning of the 2023 calendar year. Just last month, the Equinox had roughly 10,600 units on the ground and 5,900 in transit for a 19 days supply. Before that, March 2023 inventory levels featured 15,000 units on dealership lots and an additional 7,000 units in transit for a 26 days supply. However, those figures are also down from February 2023 inventory levels, where the Equinox had 18,000 units on the ground and 9,000 units in transit for a 36 days supply.
Sales of the Bow Tie brand’s second-most popular offering fell during the first quarter of 2023 as compared to the same timeframe last year, likely related to the decreasing supply.
Chevrolet Equinox Sales - Q1 2023 - United StatesIn the United States, Chevrolet Equinox deliveries totaled 52,902 units in Q1 2023, a decrease of about 6 percent compared to 56,036 units sold in Q1 2022.
|Q1 2023 / Q1 2022
As far as the current model is concerned, the 2024 Equinox is only offered with one powertrain combination, the new-for-2023 turbocharged 1.5L I4 LSD gasoline engine, rated at 175 horsepower and 203 pound-feet of torque, and the GM six-speed automatic transmission. The LSD engine replaced the turbocharged 1.5L I4 LYX gasoline engine, where the previous engine developed 170 horsepower and 203 pound-feet of torque.
Under the skin, the Equinox rides on the GM D2 platform, while production of the 2024 model year officially kicked off on May 8th, 2023 at the GM Ramos Arizpe plant and the GM San Luis Potosí plant, both of which are located in Mexico.